New Delhi, Jan. 31 -- Religare Enterprises Ltd CEO and chairperson Rashmi Saluja has sued the conglomerate she heads to thwart a potential takeover and extend her tenure, pitting herself against four of the company's five independent directors, in arguably one of the first such instances in a public company.
On Tuesday, Saluja filed a case against Religare in the Delhi High Court, seeking the court's intervention to stop the annual general meeting (AGM) scheduled for 7 February. One of the resolutions shareholders will vote on is Saluja's reappointment as director.
The billionaire Burman family, promoters of Dabur Ltd, has a little over 25% stake in Religare and has offered to buy 26% more from minority shareholders through an open offe...
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